Amarc Resources (CVE:AHR) Shares Down 21.4% – What’s Next?

Amarc Resources Ltd. (CVE:AHR) traded down 21.4% on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares were traded during mid-day trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 21.4 %

The firm has a market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The firm has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29.

Insider Activity

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas purchased 70,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of C$0.71 per share, with a total value of C$49,700.00. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last three months. Corporate insiders own 35.62% of the company’s stock.

Amarc Resources Company Profile

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.